• Silver broke key resistance level 22.60
• Likely to rise to resistance level 24.50
Silver recently broke the key resistance level 22.60 (former support from December, which has been reversing the price from February).
The breakout of the resistance level 22.60 coincided with the breakout of the 50% Fibonacci correction of the previous downward impulse (1) from February (which accelerated the active impulse wave C).
Silver can then be expected to rise further toward the next resistance level 24.50 (previous Triple Top from December and January).
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
This website uses cookies